Stock futures were on the rise Thursday with oil prices steady after jumping the previous session.
The U.S. and Iran exchanged fire again last night, with Washington saying it struck 90 military targets. Trump said that Iran called him in search of a deal, though Tehran didn't say anything about new talks.
Brent crude futures, which rose above $80 a barrel in the previous session, were just above $77.
"The market has become accustomed to the tensions and the disruptions in the Strait of Hormuz. The surprise factor is much smaller than it was at the beginning, and the market's overreaction is therefore more limited," Swissquote said.
For the day ahead, investors will watch for weekly U.S. initial jobless claims data, existing home sales and speeches from regional Fed presidents John Williams and Lorie Logan.
